NOT LISTED FOR SALE

50 NW 42nd St Miami, FL 33127

Miami Design District Neighborhood

Estimated Value: $742,000 - $960,000

4 Beds
2 Baths
1,607 Sq Ft
$547/Sq Ft Est. Value

Last Sold May 10, 2018

Last sale price $420,000 $261 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $5,556/month

4 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring

About This Home

As of May 2018

Spectacular location right next to Design District. Units are renovated, new central A/C, floors, kitchen, bathrooms, etc. Great CAP Rate and potential for future redevelopment in one of the most desirable neighborhoods in Miami. It won't last!

Last Agent to Sell the Property

Bruno Cattorini

City Group Consulting, LLC License #3271962 Listed on: 04/11/2018

Last Buyer's Agent

Monica Leineweber

Miami New Realty License #3276590

Miami New Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,462

Year Built

  • Built in 1937

Lot Details

  • 7,187

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Frame With Stucco
  • Shingle Roof

Interior Spaces

  • 1,607 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units
  • Buena Vista Heights Addn Condos
  • Buena Vista Heights Addn Subdivision

Listing and Financial Details

  • Rent includes rent incl
  • Assessor Parcel Number 01-31-24-020-0980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,462

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1937
  • Property Sub Type: Duplex
  • Architectural Style: Other
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Subdivision Name: BUENA VISTA HEIGHTS ADDN
  • Year Built Details: Unknown
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1607
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Construction Type: Frame With Stucco
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BUENA VISTA HEIGHTS ADDN
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-24-020-0980
  • Zoning: 0104
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Other Rent Incl

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4462

Multi Family

  • Number Of Units In Community: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2018
Closed on
May 10, 2018
Sold by
Hrlb Midtown Corp
Bought by
Design 50 Llc
Seller's Agent
Bruno Cattorini
City Group Consulting, LLC
Buyer's Agent
Monica Leineweber
Miami New Realty
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%
Current Estimated Value
$878,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,395
Avg. Annual Appreciation
10.31%

Purchase Details

Closed on
Jul 11, 2014
Sold by
Bowery Properties Llc
Bought by
Hrlb Midtown Corp

Purchase Details

Closed on
Jun 26, 2014
Sold by
Lopez Aurea and Rodriguez Jaime Sanchez
Bought by
Bowery Properties Llc

Purchase Details

Closed on
Dec 23, 2010
Sold by
Lopez Aurea
Bought by
Lopez Aurea and Rodriguez Jaime Sanchez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4.92%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Mar 27, 1996
Sold by
Mercidieu and Preval Therese A
Bought by
Lopez Santiago and Lopez Aurea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,760
Interest Rate
6.9%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Design 50 Llc $420,000 Assure America Title Company
Hrlb Midtown Corp $170,000 Attorney
Bowery Properties Llc $119,000 Attorney
Lopez Aurea -- Entrust Title Services Inc
Lopez Santiago $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Aurea $187,500
Previous Owner Lopez Santiago $38,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2018 05/10/18 Sold $420,000 -3.4% $261 / Sq Ft
04/14/2018 04/14/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $435,000 0.0% $271 / Sq Ft
03/19/2018 03/19/18 Price Changed $3,300 +6.5% $2 / Sq Ft
03/15/2018 03/15/18 Rented $3,100 +82.4% --
03/13/2018 03/13/18 Under Contract -- -- --
03/12/2018 03/12/18 For Rent $1,700 0.0% --
03/07/2018 03/07/18 Under Contract -- -- --
02/09/2018 02/09/18 For Rent $1,700 0.0% --
02/06/2018 02/06/18 Off Market $1,700 -- --
01/09/2018 01/09/18 For Rent $1,700 0.0% --
01/07/2018 01/07/18 Off Market $1,700 -- --
01/02/2018 01/02/18 Price Changed $1,700 -2.9% $1 / Sq Ft
10/31/2017 10/31/17 For Rent $1,750 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,232 $503,277 -- --
2024 $10,438 $457,525 -- --
2023 $10,438 $415,932 $0 $0
2022 $9,137 $378,120 $0 $0
2021 $8,063 $343,746 $0 $0
2020 $7,532 $328,865 $229,114 $99,751
2019 $6,824 $284,089 $183,542 $100,547
2018 $4,832 $250,756 $163,877 $86,879
2017 $4,462 $152,473 $0 $0
2016 $4,210 $138,612 $0 $0
2015 $3,562 $126,011 $0 $0
2014 $1,526 $68,963 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bruno Cattorini

    City Group Consulting, LLC

    (530) 307-9864

    8 Total Sales

    Bruno Cattorini
    Section Image
  • Susana Ojeda

    Seller's Agent in 2018

    Susana Ojeda

    Brokers, LLC

    (786) 380-9004

    19 Total Sales

    Susana Ojeda
    Section Image
  • Monica Leineweber

    Buyer's Agent in 2018

    Monica Leineweber

    Miami New Realty

    (305) 310-7774

    2 Total Sales

    Monica Leineweber
    Section Image

  • A

    Buyer's Agent in 2018

    Ana Mantilla

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10450081

MIAMI REALTORS® MLS

APN: 01-3124-020-0980

Florida Miami/Dade County Miami 33127 Miami Design District

50 NW 42nd St, Miami, FL

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